Bitcoin price has recovered despite a bearish trend earlier in the day. After the support was established at the intra-day low of $60,423.92, bulls swept in to seize market control. However the bullish steam waned after resistance at the 24-hour high of $61,778 proved too stiff to breach. At press time, BTC was exchanging hands at $61,139, a 0.50% surge from the intra-day low.  Source: CoinMarketCap The day’s trading of Bitcoin was characterized by high levels of fluctuations. Following a dip to around $60,500, the price rallied, although this increase waned as it neared the $61,500 to $62,000 mark. Thus,…

Toncoin has been quite volatile in recent times, and this has caught the eye of many people in the cryptocurrency market. According to recent data, Toncoin is currently valued at $6.66, with a daily trading volume of $1.40 billion, while the market cap has surged to $23.16 billion. This can be attributed to Binance, which recently listed Toncoin and introduced trading pairs such as TON/BTC, TON/USDT, and TON/FDUSD. In its history, Toncoin hit the highest price of $8.27 on June 15, 2024, and the lowest price of $0.523925 on September 21, 2021. The price volatility has been significant, with the…

The price of Pepe (PEPE) has increased by over 8% in the past 24 hours and is currently trading at $0.0008541. The memecoin, a highly volatile token with a strong community backing it up, is attracting both retail and institutional investors. In the last 24 hours, there was a slow but steady rally with a sharp rise in the middle of the day and then a small pull back; however, it still trades above yesterday’s opening level. This has gone hand in hand with an increase to PEPE’s market capitalisation which now stands at $3,593,106,352. Besides that, the trading volume…

Solana (SOL) price has made quite a come back and is now trading at $154.55 from a low of $122 earlier this week. This can be attributed to the change of sentiment by the traders and investors which now appears to be bullish. Within the past day, SOL has surged by 12.29%, which points to high demand from investors. SOL/USD 1-day price chart (source: CoinMarketCap) This price increase happens after a general market crash where SOL had dropped to the $122 range, thus the recent growth is a testament to SOL’s strength and investor confidence. In addition, the market capitalization…

Bitcoin (BTC) price has been swinging wildly during the first week of the 2024 ghost month with a huge 20% drop and a 13 % bounce back. The beginning of the ghost month, which takes place from August 4 to September 2, is considered to be an unfavorable period in the Asian culture, and has always affected the market psychology, particularly in the cryptocurrency market. However, BTC price recovery was evident with the price swaying between an intra-day high and low of $57,726.88 and $54,486.22, At press time, BTC was exchanging hands at $57,211, a 3.70% surge from the support…

Toncoin (TON) has exhibited a notable upward trajectory, experiencing a 6.50% increase in market capitalization. Concurrently, the price of the cryptocurrency Toncoin rose sharply from $5.14 to $5.46, where it stabilized. This sharp recovery with subsequent stability shows a strong bullish response after an initial dip and suggests renewed confidence in the value of the commodity at lower prices. This TON price recovery is also supported by a substantial rise in trading volume, which surged by 35.53%. High activity and attention in the market underpin strong buyer participation and confirm the bullish mood. Immediate reactions to price drop followed by…

Shiba Inu (SHIB) has, however, been on a downward trend over the last 24 hours; the token’s price has fallen from around $0.00001399 to $0.00001131. Being up by 226.54%, an increased trade volume suggests that the sell-off was large and added downward pressure on SHIB’s price. In addition, the market cap of SHIB has fallen by 19.54% which demonstrates the overall decline in token market valuation. SHIB Bearish Patterns and Technical Indicators A bearish pattern identified on Shiba Inu’s 4-hour chart suggests further price drops may develop after observing a death cross where the 50-day moving average surpassed the 200-day…

Bitcoin’s price is in a downtrend, falling sharply to almost $60,000 from the recent high of $70,000. QCP Capital has attributed this correction to an unanticipated upsurge in bitcoin supply and poor macroeconomic conditions. At press time, BTC was trading at $60,857, a 1.50% decline from the 24-hour high. Surge in Bitcoin Supply Triggers Market Correction QCP Capital highlights that there has been a significant increase in the amount of Bitcoin entering the market, which is the main reason for the decline in prices. The sale of these coins includes over 28K Bitcoins released by the US government, redistribution of…

As of the past 24 hours, Shiba Inu (SHIB) has witnessed a major price drop of 5.32%. This price dump reflects a similar reduction in market capitalization, now valued at around $6.14 billion. SHIB’s current trading volume also experienced a decrease of 5.32%, totalling to $274,440,785 as of now; it is trading at $0.00001462 for SHIB. Despite this lower move, though, analysts are still optimistic that SHIB can experience high price gains if it holds an important support level. Price Surge Potential Amid Market Uncertainty On the other hand, amid negative sentiment towards the token, SHIB might be priced at…

The cryptocurrency market witnessed a significant downturn, with XRP experiencing a substantial 5% decline in its price. As the bullish trend subsides, investors and traders are examining this decline in greater detail while also considering what it may mean for XRP’s future price action. As of now, the price for XRP stands at $0.5742, having dropped by 5.62% over the past day. This price decrease is a more significant bearish trend from around $0.6084 to its current levels. This decline is noticeable in the trading volume as it has decreased by 9.63 percent compared to the previous day signalling a…